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CATL’s Third-Quarter Profit Rose 11% on Higher Sales

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Chinese battery maker Contemporary Amperex Technology Co.’s third-quarter profit rose 11% on the back of higher sales, but came up short of analyst expectations.

The world’s largest maker of electric-vehicle batteries posted quarterly profit of 10.43 billion yuan ($1.43 billion), up from CNY9.42 billion in the same period a year ago, it said late Thursday.

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